Work at the Riyadh Metro site is progressing well with the majority of the main stations ready and the project likely to be completed in 2019, said a report citing a senior government official. The metro will be 178 km long with six lines and 85 stations including underground, elevated and at-grade sections.
The cities of Riyadh and Dammam will soon be connected by a high-speed electric train that will run at a speed of up to 300 km per hour (kmph) compared to the current 140 kmph diesel-powered train, which was due to be increased to 160 kmph before the end of last year, according to the president of the Saudi Railways Organisation (SRO).
Saudi Arabia’s rising infrastructure in the residential, hospitality and retail segments will play a key role in driving the kingdom’s automation and control market to grow at a CAGR (compound annual growth rate) of 9.4 per cent during 2015-21, a report said.
A strategic partnership between Saudi-based Jeddah Economic Company (JEC) and Alinma Investment is expected to give a push to the Phase One development of Jeddah Economic City, a multipurpose project coming up in Obhur, just north of Jeddah on the Red Sea coast. The companies have signed a deal to initiate a SR8.4-billion ($2.
Work on the new King Abdul Aziz International Airport (KAIA) project in Jeddah is progressing well and the facility is likely to be ready for international operations by the middle of 2017, said a report.
3M, described as a global science-based company that inspires creative collaboration, said it has begun construction of its largest manufacturing facility in the MEA (Middle East and Africa) region, which will be located in Dammam. The announcement was made during the groundbreaking ceremony held in the Dammam Third Industrial City.
ThyssenKrupp Industrial Solutions, a global provider of engineering, construction and service for industrial plants and systems, is set to build one of the largest cement plants in Saudi Arabia.
$2.4bn allocated for Western region Saudi Arabia has allocated SR9 billion ($2.4 billion) for several key development projects in the Western region including a proposed airport in the coastal city of Qunfudah, said a report.
OCS Arabia, a facilities management joint venture established between Saudi-based Zahid Group and UK-based OCS Group, has officially launched its operations in Saudi Arabia.